Which of the following statements is true?
A) The resource profits have declined in the past 10 years.
B) Rising mineral prices during the resources boom created a larger share of profits for mining firms but a smaller share of the net proceeds to all Australians.
C) Mineral royalties keep pace with the rising profitability of mining firms.
D) The resource taxes and royalties as a share of resource profits have increased in the past 10 years.
Correct Answer:
Verified
Q1: The mining output sold by Australian firms:
A)does
Q2: Super profits tax is:
A)a tax on the
Q3: The level of tax on profits suggested
Q4: The resource companies operate in a/an:
A)duopoly market.
B)monopoly
Q5: The ad valorem royalties are preferred to
Q7: The MRRT means:
A)Mega Resource Return Tax.
B)Minerals Rate
Q8: Mineral royalties are:
A)subsidies to the mining companies
Q9: If the price is $100 per tonne
Q10: Which of the following statements is most
Q11: Which of the following statements is true?
A)A
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